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ProsperousTechnician

Analysis on AUD/CAD (short)

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
ProsperousTechnician Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis aud CAD AUDCAD short anaylsis swing trader
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trendanalysis chartpattern beyondta aud cad audcad short anaylsis swing trader
I have been short this pair since 6/2/20 after it rallied into a great resistance zone. After a confirmation candle closed on the 1D I set a pending order to short this pair. I am looking at taking it to the previous low, but i expect it to move to the bottom trend line as I believe we are now in a down trend.

Risk:reward was 1:2 but after moving my SL to my entry point, this trade is now risk free.

Trade closed: target reached:
Closed out this trade for a lovely gain. Price did however go future than expected.

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